Matador Resources Co (MTDR) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Matador Resources Company Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Operational Update, 2024 Operating Plan and Market Guidance.

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Stocks Info

Matador Resources Co is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $58.74 and fluctuated between $59.62 as its day high and $58.30 as its day low. The current market capitalization of Matador Resources Co is $7.00B. A total of 2.94 million shares were traded on the day, compared to an average of 1.14M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, MTDR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 9 SELLs from insiders. Insiders purchased 247,507 shares during that period but sold 174,670.

In the most recent transaction, Appel Shelley F bought 500 shares of MTDR for 52.98 per share on Dec 13. After the transaction, the Director now owns 54,708 company shares. In a previous transaction on Dec 12, PARKER TIMOTHY E. bought 5,000 shares at 52.13 per share. MTDR shares that Director owns now total 79,257.

Among the insiders who bought shares, Ehrman Monika U acquired of 200 shares on Dec 12 at a per-share price of $52.23. This resulted in the Director holding 33,249 shares of MTDR after the transaction. In another insider transaction, Macalik Robert T bought 125 shares at $52.00 per share on Dec 12. Company shares held by the EVP, Chief Accounting Officer now total 28,800.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Matador Resources Co pays an annual dividend of $0.65, resulting in a dividend yield of 1.11%, and it has a price to earnings (P/E) ratio of 8.34. MTDR’s most recent ex-dividend date was 2/22/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 3/13/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/9/2023. The MTDR stock dividend was $0.20 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for MTDR in the last 3 months, the mean price target is $70.00 with high estimates of $84.00 and low estimates of $60.00. In terms of 52-week highs and lows, MTDR has a high of $67.71 and a low of $42.04.

As of this writing, MTDR has an earnings estimate of $1.78 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.91 per share and a lower estimate of $1.57. The company reported an EPS of $1.42 in the last quarter, which was 8.40% higher than expectations of $1.31.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MTDR’s latest balance sheet shows that the firm has $48.13M in Cash & Short Term Investments as of fiscal 2021. There were $1.53B in debt and $464.84M in liabilities at the time. Its Book Value Per Share was $30.74, while its Total Shareholder’s Equity was $2.13B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MTDR is Buy with a score of 4.60.

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